Compilation of Rules and Regulations of the State of Georgia
Department 80 - RULES OF DEPARTMENT OF BANKING AND FINANCE
Chapter 80-6 - HOLDING COMPANIES
Subject 80-6-2 - OPERATIONS
Rule 80-6-2-.02 - Reports
Current through Rules and Regulations filed through December 18, 2024
(1) On or before the date of the annual stockholders' meeting of a Georgia bank holding company or a holding company owning a Georgia bank, the shareholders of the holding company, regardless of class or voting rights, shall be provided a copy of the audit report required in Rule 80-6-2-.01, or the following schedules prepared on the equity basis of accounting for the last fiscal year on a comparative basis with the preceding fiscal year:
(2) Changes in control of voting shares of a Georgia bank holding company or a holding company owning a Georgia bank shall be reported to the Department in the same manner as changes in control of bank shares pursuant to O.C.G.A. § 7-1-236 and Rule 80-1-6-.01.
(3) Failure to file required reports on a timely basis shall subject the holding company to the penalties imposed by O.C.G.A. § 7-1-68.
(4) Notwithstanding the provisions of Paragraph (1), any company complying with the financial disclosure requirements promulgated by the Securities and Exchange Commission shall be deemed to have complied with Paragraph (1).
O.C.G.A. §§ 7-1-61, 7-1-607.
